AGP Executive Report
Last update: 8 hours agoOil & Gas Accountability: Guyana has repaid ExxonMobil the full cost of seven approved oil projects, but still isn’t receiving its full 50% profits under the 2016 PSA, raising fresh questions about how the “cost bank” is being recovered. Power Sector Finance: A PUC report says state grants propped up GPL with $24.8B in 2024 (31% of revenue), while tariffs still don’t cover core costs and system losses keep pressure on finances. Mining Governance: Opposition Leader slams GGMC inaction over alleged large-scale mining equipment moving onto mining lands, arguing regulators act hard on small miners but not powerful operators. Local Industry Push: ExxonMobil says local shore bases are helping it fast-track offshore work, highlighting in-country fabricated pipework and rising local standards. SME & Trade Risks: Finance Minister Ashni Singh urges entrepreneurs to do real market research ahead of the SME Development Bank, while a former US trade official warns proposed US tariffs tied to forced-labour probes could hit Guyana’s emerging exports. Orange Economy: Government’s Orange Economy consultation is underway, with creatives calling out outdated laws and slow action as the sector seeks real structure. Infrastructure & Procurement: Bids are in for major works including the Supenaam stelling upgrade (23 bids for $521M) and the Orange Stand roof rehab at the National Stadium (about $29M estimate). Digital Regional Drive: CARICOM ministers push faster digital transformation, with calls for deeper regional cooperation to stay competitive.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
